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Priority Fee Estimator

This repo contains the RPC service that supports the getPriorityFeeEstimate method. This method returns the estimated priority fee for a transaction to be included in the next block. The service uses historical priority fee data to estimate the fee.

See a further description of functionality here

Running the service

The service requires the following envs

RPC_URL - RPC url of a Solana node GRPC_URL - Yellowstone gRPC url GRPC_X_TOKEN - Yellowstone gRPC token (some endpoints may not require this)

To run the service run

cargo run

Example queries

Request all priority fee levels for Jup v6

{
  "jsonrpc": "2.0",
  "id": "1",
  "method": "getPriorityFeeEstimate",
  "params": [
    {
      "accountKeys": ["JUP6LkbZbjS1jKKwapdHNy74zcZ3tLUZoi5QNyVTaV4"],
      "options": {
        "includeAllPriorityFeeLevels": true
      }
    }
  ]
}

Response

{
  "jsonrpc": "2.0",
  "result": {
    "priorityFeeLevels": {
      "min": 0.0,
      "low": 2.0,
      "medium": 10082.0,
      "high": 100000.0,
      "veryHigh": 1000000.0,
      "unsafeMax": 50000000.0
    }
  },
  "id": "1"
}

Request the recommended priority level for Jup v6

{
  "jsonrpc": "2.0",
  "id": "1",
  "method": "getPriorityFeeEstimate",
  "params": [
    {
      "accountKeys": ["JUP6LkbZbjS1jKKwapdHNy74zcZ3tLUZoi5QNyVTaV4"],
      "options": {
        "recommended": true
      }
    }
  ]
}

Response

{
  "jsonrpc": "2.0",
  "result": {
    "priorityFeeEstimate": 71428.0
  },
  "id": "1"
}

Request the recommended priority fee excluding votes

{
  "jsonrpc": "2.0",
  "id": "1",
  "method": "getPriorityFeeEstimate",
  "params": [
    {
      "accountKeys": ["JUP6LkbZbjS1jKKwapdHNy74zcZ3tLUZoi5QNyVTaV4"],
      "options": {
        "includeVote": false
      }
    }
  ]
}

Response

{
  "jsonrpc": "2.0",
  "result": {
    "priorityFeeEstimate": 71428.0
  },
  "id": "1"
}

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